Boss Roy Keane said that bad finishing and good goalkeeping from Watford keeper Scott Loach were to blame for his side’s failure to beat the Hornets and the winless run stretching to 13 games. Watford manager Malky Mackay conceded that Town deserved to win.
Keane said: "Watford rode their luck and we were let down by bad finishing and good goalkeeping.
"But I've been in football long enough to know that if you don't take your chances it'll kick you in the teeth.
"We're not scoring enough goals. I can sit here and make excuses, but we've got to take our chances.
"Tonight we didn't, but I've got no problem with my team's performance, in terms of their spirit and workrate.
"We got the ball in the right areas and created chances, but when you don't get a second goal there are bound to be a few nerves.
"The players didn't deserve that. We started well, got the goal, Jon Walters hit the bar and we had some good chances to get that second goal, but when you are at the bottom of the league you can get a bit edgy at the end and we didn't see the game out.
"We should have won the game. Our keeper has hardly had a shot to save in the two matches he's been here, but we've ended up with just two points when we should have had six.
"I feel very disappointed for the players. They gave everything again and their keeper was the best player on the park.
"It's a massive test for us now but we have got to face up to it.
"Thirteen games without a win is a bad run. We can't get away from that and there's no hiding place.
"I can't fault my players and back them 100 per cent, but to go that many games without a victory is unacceptable.”
Hornets boss Malky Mackay admitted his side were second best: "Ipswich deserved to win. We were below par and most definitely got out of jail. If I'm honest, I couldn't see a goal coming.
"We kept going and going and were still fighting, which I expect, but it didn't look like we would create an equaliser.
"But when there are five or 10 minutes left in any game you've always got a chance - you've just got to keep pushing.
"It was great we got the goal and a point and we showed a real resilience and never-say-die attitude.
"This is a tough league and it's a real scrap and battle. A lot of teams are showing real resilience and I'm glad it was us tonight."